Sierra Ocean LLC Takes Position in Charter Communications, Inc. (NASDAQ:CHTR)

Sierra Ocean LLC purchased a new stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 92 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC grew its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Charter Communications by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after buying an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP grew its position in shares of Charter Communications by 8.0% during the third quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after buying an additional 39,334 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CHTR shares. Morgan Stanley raised their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Up 0.4 %

CHTR opened at $361.74 on Wednesday. Charter Communications, Inc. has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. The stock has a market cap of $51.44 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.43 and a beta of 1.11. The stock’s 50 day moving average price is $354.08 and its 200 day moving average price is $353.62.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the firm posted $7.07 earnings per share. As a group, research analysts predict that Charter Communications, Inc. will post 38.16 earnings per share for the current year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.